The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & Palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...
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Food prices fall for third consecutive month–UN agency
-The United Nations Global food prices declined for the third consecutive month, largely driven by lower international prices for grains, soy and Palm oil, while sugar, meat and dairy prices were also down, the United Nations Food and Agriculture Organization (FAO) reported today. The Rome-based agency said its Food Price Index averaged 205.9 points in July, which is 4 points below June and 7 points lower than in July 2012. The Index measures...
More »Addressing deficiencies in public systems- Gulzar Natarajan
-Live Mint The mid-day scheme is underpinned by a rent-seeking chain that keeps all the major stakeholders satisfied The mid-day meal (MDM) tragedy in Chhapra once again focuses attention on the low-level equilibrium that our public systems are trapped in. Consider these facts. Apart from rice, which has to be collected from the local ration shop, the MDM programme allocates each primary and upper-primary child Rs3.11 and Rs4.65, respectively to purchase pulses,...
More »After foodgrain, UPA plans to subsidise edible oil and pulses -Madhvi Sally
-The Economic Times NEW DELHI: After the ambitious food security law, the UPA government is preparing another populist scheme to expand the supply of subsidised edible oil and pulses through the countrywide network of ration shops in the next two to three months. "It will be the next major thing. We are working at the earliest. We propose that state governments purchase pulses and edible oil either through imports or locally. We...
More »Universal PDS already provides food security in Tamil Nadu-TE Narasimhan
-The Business Standard Rs 4,900 crore has been provided in the Budget Estimates 2013-2014 for food subsidy Chennai: The National Food Security Bill has been generating much excitement across the country but not in Tamil Nadu, since the state has a more comprehensive model in the form of a Universal Public Distribution System (PDS). Irrespective of any government, coverage of the PDS has been universal. A state government official said at a time...
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